StarHub - Blue Line Theory - Part 2
To add from my earlier post, the last 5 trading days StarHub has been a consolidation phase with yesterday breaking the $2.17 price which it as stuck during the phase.
8153 lots were married at between $2.152 to $2.171, with the large bulk of 6496 lots done at $2.152. These trade could be one rich man selling to another, FM taking positions, etc. with this married deal and price action over the last 5 days, $2.15 could be establish as a first support and next down $2.13 (20 MA) Another point to note is that the number buy up to sell down is 1.33 to 1.
Yesterday volume was a healthy 4.7 million share. It was 1 million more than the previous day. An average of 3 million shares is typically sufficient to move StarHub. With Decipher's blue theory, we could see it break $2.20 in the coming days to weeks. This trading week is larger plague with interest rate news and lower than expected tech earnings. This could be a dampener to the bullish push we saw yesterday.
The recent merger between AT&T and Bellsouth is sign that traditional Telco needs to innovate and find news revenue stream. The big triumph card that Telco has is a big fat pipe to homes. IPTV and Subscription TV will add a positive bottom line contributor. With this in mind, StarHub is in a unique position to be one of the first few triple play providers (Mobile, Cable TV and Broadband) to harness the new wave.
I am personally vested in this counter so my views could be more bullish.
8153 lots were married at between $2.152 to $2.171, with the large bulk of 6496 lots done at $2.152. These trade could be one rich man selling to another, FM taking positions, etc. with this married deal and price action over the last 5 days, $2.15 could be establish as a first support and next down $2.13 (20 MA) Another point to note is that the number buy up to sell down is 1.33 to 1.
Yesterday volume was a healthy 4.7 million share. It was 1 million more than the previous day. An average of 3 million shares is typically sufficient to move StarHub. With Decipher's blue theory, we could see it break $2.20 in the coming days to weeks. This trading week is larger plague with interest rate news and lower than expected tech earnings. This could be a dampener to the bullish push we saw yesterday.
The recent merger between AT&T and Bellsouth is sign that traditional Telco needs to innovate and find news revenue stream. The big triumph card that Telco has is a big fat pipe to homes. IPTV and Subscription TV will add a positive bottom line contributor. With this in mind, StarHub is in a unique position to be one of the first few triple play providers (Mobile, Cable TV and Broadband) to harness the new wave.
I am personally vested in this counter so my views could be more bullish.
posted by Unknown @ 3/08/2006 08:46:00 AM
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